Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. an accountant for a corporation forgot to pay the

An accountant for a corporation forgot to pay the firm's income tax of $725,612.07 on...

90.2K

Verified Solution

Question

Finance

An accountant for a corporation forgot to pay the firm's income tax of $725,612.07 on time. The government charged a penalty of 9.3% interest for the 37 days the money was late. Find the total amount (tax and penalty) that was paid. Assume 365 days in a year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

please give me an reflection for this reading Textbook: Is It Necessary to Reduce Carbon Emissions to...

Psychology
Q

In the series RLC circuit of problem 1 the resistor is replaced with the higher available...

Physics
Q

A geyser heats water flowing at the rate of 3 0 litres per minute from...

Physics
Q

1 6 5 4 3 2 1 f 5 4 3 2 f x graphs...

Algebra
Q

Morty industries has projected sales of its product for the next 6 months:...

Accounting
Q

45 46 The following information is given...

Accounting
Q

Week 11: Discussion Board 3 This Discussion Board builds on applying two key concepts of...

Accounting
Q

Your production manager has asked you to identify the quantity of items that should be...

Accounting
Q

Net Present Value Method The following data are accumulated by Wocester Hat Company in evaluating...

Accounting
Q

Buis Corporation, which makes landing gears, has provided the following data for a recent month:...

Accounting
Q

Time left 1:07:53 We reach the lowest risk of a portfolio when the ce relation...

Finance
Q

The following are the foreign currency positions of an FI, expressed in the foreign currency:...

Finance